15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 9.2% per year over the past 5 years.
Operating margin has contracted, at -129.2% in the latest year.
Financial health
Total debt has grown slower than revenue (-93.2% vs -9.2% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$85M
-$75M
49.9%
-129.2%
-17.7%
-13.2%
-$83M
—
$121M
2024
$91M
-$139M
49.3%
-140.1%
-29.4%
-22.7%
-$152M
$299000
$167M
2023
$106M
-$75M
47.4%
-72.0%
50.4%
-23.1%
-$46M
$64M
$52M
2022
$98M
-$190M
37.8%
-118.6%
233.3%
-48.7%
-$93M
$65M
$81M
2021
$131M
-$59M
0.0%
-51.7%
-62.6%
-21.5%
-$57M
—
$28M
2020
$138M
-$53M
0.0%
-36.9%
-38.1%
-16.3%
-$28M
—
$69M
2019
$117M
-$65M
54.8%
-44.2%
-42.2%
-24.5%
-$38M
—
$22M
2018
$113M
-$59M
54.6%
-42.6%
-81.8%
-19.4%
-$26M
—
$95M
2017
$102M
-$61M
51.0%
-57.3%
-195.7%
-21.1%
-$26M
$195M
$58M
2016
$104M
-$76M
55.9%
-70.1%
-142.7%
-24.8%
-$44M
—
$35M
2015
—
-$53M
—
—
-46.4%
-14.4%
-$39M
—
$29M
2014
—
-$53M
—
—
-35.1%
-13.0%
-$30M
—
$34M
2013
—
-$17M
—
—
-17.1%
-14.1%
-$5M
—
$35M
2012
—
-$19M
—
—
-18.9%
-16.7%
-$20M
$0
$59M
2011
—
-$22M
—
—
-39.5%
-28.3%
-$19M
$10M
$14M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$20M
-$27M
52.4%
-126.3%
-5.0%
-4.3%
-$11M
—
$270M
Mar '26
$21M
$127M
53.5%
-59.1%
22.6%
19.9%
-$47M
—
$266M
Dec '25
$24M
$19M
47.8%
-103.6%
4.5%
3.4%
-$2M
—
$121M
Sep '25
$20M
-$35M
48.5%
-168.5%
-8.7%
-6.4%
-$23M
—
$129M
Jun '25
$22M
-$33M
48.8%
-118.1%
-7.9%
-6.0%
-$23M
—
$159M
Mar '25
$20M
-$26M
54.6%
-133.4%
-5.7%
-4.5%
-$35M
—
$151M
Dec '24
$25M
-$34M
45.8%
-105.3%
-7.2%
-5.6%
-$17M
$299000
$167M
Sep '24
$22M
-$27M
54.9%
-120.9%
-5.5%
-4.0%
-$30M
$55M
$211M
Jun '24
$22M
-$46M
46.1%
-134.5%
-9.0%
-6.5%
-$41M
$55M
$270M
Mar '24
$46M
-$32M
53.1%
-132.2%
-5.6%
-4.1%
-$63M
$55M
$287M
Dec '23
$28M
-$20M
47.4%
-75.9%
13.4%
-6.1%
-$14M
$64M
$52M
Sep '23
$25M
-$21M
44.0%
-83.5%
15.9%
-6.2%
-$12M
$65M
$80M
Jun '23
$28M
-$17M
49.2%
-63.1%
15.0%
-4.8%
-$10M
$65M
$142M
Mar '23
$25M
-$17M
48.9%
-66.1%
17.3%
-4.5%
-$9M
—
$114M
Dec '22
$27M
-$21M
41.3%
-78.1%
25.6%
-5.3%
-$20M
$65M
$81M
Sep '22
$26M
-$29M
36.0%
-113.2%
46.9%
-7.1%
-$26M
—
$60M
Jun '22
$19M
-$64M
23.6%
-205.4%
169.6%
-14.4%
-$31M
—
$74M
Mar '22
$27M
-$76M
0.0%
-103.8%
-345.0%
-28.1%
-$16M
—
$30M
Dec '21
$38M
-$9M
0.0%
-29.4%
-10.0%
-3.4%
-$7M
—
$28M
Sep '21
$29M
-$14M
0.0%
-68.8%
-13.9%
-4.9%
-$11M
—
$29M
Valuation over time
How the market has priced LAB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 7.8× (Mar '23) to 2.8× (Nov '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is LAB growing its revenue and profit?
Over the past 5 years, STANDARD BIOTOOLS INC.'s revenue has declined 9.2% per year. These are computed facts, not advice.
How much debt does LAB have?
As of FY2025, STANDARD BIOTOOLS INC. reported — of total debt against $121M of cash.
What is LAB's profit margin?
In FY2025, gross margin was 49.9%, operating margin -129.2%, and net margin -87.8%.
What is LAB's P/E ratio?
STANDARD BIOTOOLS INC.'s P/E (TTM) is 2.81 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LAB stock page. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.